The majority of Qualcomm’s revenue comes from selling chips, but the company generates more than half of its profit from a separate licensing business.

Apple CEO Tim Cook referred to the company’s legal battle with Qualcomm during the recent earnings call, explaining that he sees litigation as a last resort and is open to settling the lawsuit.

Cook said: “I don’t like litigation, and so if there’s another way, then that would be great, but at this point I don’t see it. I fully expect at this point in time that it will take some time, but in the end, I think common sense will prevail, and the courts will see it for what it is. So that’s the way I see it.”